Bronte Ltd manufactures a single product, a laminated kitchen unit with a standard cost of £110 made up as follows:

.............................................................................................(£)
Direct materials (15 sq. metres at £3 per sq. metre) ....45
Direct labour (five hours at £10 per hour) .....................50

Variable overheads (five hours at £2 per hour) .............10
Fixed overheads (five hours at £1 per hour) ....................5
............................................................................................110

The standard selling price of the kitchen unit is £130. The monthly budget projects production and sales of 1000 units.
Actual figures for the month of April are as follows:
Sales 1200 units at £132
Production 1400 units
Direct materials 22 000 sq. metres at £4 per sq. metre
Direct wages 6800 hours at £11
Variable overheads £11 000
Fixed overheads £6000

You are required to prepare:
(a) A trading account reconciling actual and budgeted profit and showing all the appropriate variances;
(b) Ledger accounts in respect of the above transactions.